You deposited dolor 124 in a bank with an interest rate of 2% each year. If they offer a simple interest rate, what will be you balance after 9 years?

You deposited dolor 124 in a bank with an interest rate of 2% each year. If they offer a simple interest rate, what will be you balance after 9 years? Correct Answer 146

124 ×. 02 × 9 = 22.32 124 + 22.32 = 146.32 = 146
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